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First cyberdefence exercise for German and Israeli finance institutions

First cyberdefence exercise for German and Israeli finance institutions

Banking & FinanceEnterprise SecurityGermanyIsraelTop Stories

Cyberbit Ltd., a world leading provider of cybersecurity simulation and IT/OT detection and response platforms, and Finanz Informatik GmbH and Co.(‘FI’), the central IT service provider of the German Savings Banks Finance Group, have announced they held their first joint cybersecurity training exercise at Cyberbit headquarters in Raanana, Israel. Cybersecurity professionals of all levels and professions, from leading German and Israeli banks held a five-day joint exercise where they practised defending against a wide variety of the most dangerous cyberattacks threatening financial organisations today.

The teams convened in Israel to train on the Cyberbit Range training and simulation platform. The Cyberbit Range technology can simulate multiple network environments and allows teams to realistically experience different types of advanced multi-stage cyberattacks and manage the events from start to finish, both operationally and technically. The teams ran simulations of different attack vector currently looming over the financial institutions around the world.

“FI is always pushing to stay well ahead of the cybercriminals,” said Mr. Lutz Bleyer, Chief Information Security Officer at Finanz Informatik. “I initiated this joint training to give our team a chance to work together with the excellent infosec professionals in Israel and learn from one another in a realistic setting.”

“The teams were very impressed with the technical capabilities on both sides,” said Mr. Yochai Corem, VP EMEA, Cyberbit. “Simulation training is a must-have experience for every financial organisation that wants to keep their teams up-to-date and we are looking forward to hosting more joint trainings with cybersecurity teams from leading European banks.”

The joint exercise was facilitated with the support of the Trade and Economic Mission at the Israeli Embassy in Berlin.

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